Please record a note amortization?

NWP A X 5 NWPA X Videop X A Player X NWP A X 5 NWPA X 5 NWPA y.com/was/ui/v2/assessment-player/index.html?launchld=9dbca71e-3d17-464b-9d1b-032147f2518a#/questic estion 9 of 10 0.33 /1 w Policies ow Attempt History urrent Attempt in Progress On December 31, 2020, Sheridan Company signed a $1,199,900 note to Skysong Bank. The market interest rate at that time was 11%. The stated interest rate on the note was 9%, payable annually. The note matures in 5 years. Unfortunately, because of lower sales, Sheridan's financial situation worsened. On December 31, 2022, Skysong Bank determined that it was probable that the company would pay back only $719,940 of the principal at maturity. However, it was considered likely that interest would continue to be paid, based on the $1,199,900 loan. (a) V Your answer is correct. Determine the amount of cash Sheridan received from the loan on December 31, 2020. (Round present value factors to 5 decimal places, e.g. 0.52513 and final answer to O decimal places, e.g. 5.275.) Amount of cash Sheridan received from the loan 5 1213205 e Textbook and Media Assistance Used Attempts: 1 of 3 used C+13_Balance_She. . 03. CH13_Trial_Balance./s/ CH13_ Trial_Balance O C g hpNWP A X NWP A X Videop X A Player X NWPA X 5 NWPA X 5 NWP com/was/ui/v2/assessment-player/index.html?launchld=9dbca71e-3d17-464b-9d1b-032147f2518a#/questi stion 9 of 10